Thursday, October 31, 2013
Land Development
Land
development refers to altering the landscape
in any number of ways like changing landforms from a natural or
semi-natural state for a purpose such as housing or subdividingreal estate into lots,
typically for the purpose of building homes.
Real estate development, or property
development, is a multifaceted business, encompassing
activities that range from the renovation and re-lease
of existing buildings to the
purchase of raw land and the sale of improved land or
parcels to others. Developers are the coordinators of the activities,
converting ideas on paper into real property. Real estate development is
different from construction, although many
developers also construct.
Purchasing unused land for a
potential development is sometimes called speculative development. In general,
land development is the riskiest but most profitable technique as it is so dependent
on the public sector for approvals and infrastructure and because it involves a
long investment period with no positive cash flow. After subdivision is
complete, the developer usually markets the land to a home builder or other end
user, for such uses as a warehouse or shopping center. In any case, use of spatial
intelligence tools mitigate the risk of these
developers by modeling the population trends and demographic make-up of the
sort of customers a home builder or retailer would like to have surrounding
their new development.
A smart landowner
or developer on any size of project will inevitably want to maximize profits,
minimize risk and control his cash-flow. This is a process called Profit
Enhancement. This means identifying and developing the best scheme for the
local marketplace, whilst satisfying the local planning process. Essentially,
Development Analysis puts development prospects, and the development process
itself, under the microscope, identifying exactly where enhancements and
improvements can be introduced. These improvements aim to align with best
design practice, political sensitivities, and the inevitable social
requirements of a project, with the overarching objective of increasing land
values and profit margins on behalf of the landowner or developer.
A
new trend has emerged in building where property owners and developers are
utilizing prefabricated buildings instead of opting for standard means of
construction. There is a definite cost benefit to building in such a way, and
structures that come ready to be put together can be assembled very quickly.
Prefabricated buildings offer a range of options that give builders increased
flexibility when it comes to costs and aesthetics. Although the use of
prefabricated buildings is not right for every commercial building application,
when they are appropriate, they can save a lot of money, time and aggravation.
When developing a property,
expenditure must be closely monitored and savvy developers are always looking
for ways to cut costs. Using prefabricated buildings in lieu of standard
construction can save a significant amount of capital, mainly because of how these
types of projects are put together. Much of the construction on various
components of the structure has been completed off-site, so it takes very few
actual workers to put a building together. In most cases, the materials cost
less when erecting prefabricated buildings and significantly less labor is
needed.
A property owner or developer will
not see a return on their investment until the land is properly developed, so
speed, with respect to construction, means higher and faster profits.
Prefabricated buildings can be constructed much quicker than structures built
utilizing traditional techniques, and this is very attractive to those who want
to see an expedient return. Every day that a construction crew is not necessary
also saves significant amounts of money, and there are many other serious
incentives to developing a property quickly. Using prefabricated buildings are
a way to get a project completed ahead of schedule.
Because each contractor has their
own unique style, property owners and developers are often limited by the small
selection of products offered by many commercial builders. Prefabricated
building manufacturers, on the other hand, often offer a wide range of
different models to choose from. If environmental impact is a concern, a large
number of prefabricated buildings are designed to be earth-friendly. As nice as
it is to have an extensive selection of options when it comes to design
elements of a property's structures, it is also beneficial to have a selection
of many different price-points to choose from. Prefabricated buildings allow
for the greatest versatility during the construction process.
Thursday, October 24, 2013
Thursday, October 17, 2013
Monday, October 14, 2013
Thursday, October 3, 2013
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